|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCAN-D CORPORATION |
|
|
|
|
Registered Office : |
10F., No.22, Sec. 1, Zhongshan Rd., Xinzhuang Dist., New Taipei City 24250, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
09.10.1995 |
|
|
|
|
Com. Reg. No.: |
89403884 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of furniture, etc |
|
|
|
|
No. of Employees : |
About 270 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually
decreasing government guidance of investment and foreign trade. In keeping with
this trend, some large, state-owned banks and industrial firms have been
privatized. Exports, led by electronics, machinery, and petrochemicals have
provided the primary impetus for economic development. This heavy dependence on
exports exposes the economy to fluctuations in world demand. In 2009, Taiwan's
GDP contracted 1.9%, due primarily to a 20% year-on-year decline in exports. In
2010 GDP grew 10.9%, as exports returned to the level of previous years, and in
2011, grew 5.2%. However, 2012 growth will likely be less, according to most
forecasters, because of softening global demand. Taiwan's diplomatic isolation,
low birth rate, and rapidly aging population are major long-term challenges.
Free trade agreements have proliferated in East Asia over the past several
years, but so far Taiwan has been excluded from this greater economic
integration largely because of its diplomatic status with the exception of the
landmark Economic Cooperation Framework Agreement (ECFA) signed with China in
June 2010. The MA administration has said that the ECFA will serve as a
stepping stone toward trade pacts with other regional partners, and negotiations
on a deal with Singapore began this year. Follow-on components of ECFA,
including deals on trade in goods, services, and investment, have yet to be
completed. Taiwan's Total Fertility rate of just over one child per woman is
among the lowest in the world, raising the prospect of future labor shortages,
falling domestic demand, and declining tax revenues. Taiwan's population is
aging quickly, with the number of people over 65 accounting for 10.9% of the
island's total population as of 2011. The island runs a large trade surplus,
and its foreign reserves are the world's fourth largest, behind China, Japan,
and Russia. Since 2005 China has overtaken the US to become Taiwan's
second-largest source of imports after Japan. China is also the island's number
one destination for foreign direct investment. Three financial memorandums of
understanding, covering banking, securities, and insurance, took effect in
mid-January 2010, opening the island to greater investments from the mainland's
financial firms and institutional investors, and providing new opportunities
for Taiwan financial firms to operate in China. Closer economic links with the
mainland bring greater opportunities for the Taiwan economy, but also poses new
challenges as the island becomes more economically dependent on China while
political differences remain unresolved.
Source : CIA
|
Company Name: |
|
|
Former Name: |
Topshine
Electronics Corporation |
|
Supplied Name: |
|
|
Trading Address: |
10F., No.22, Sec. 1, Zhongshan Rd.,
Xinzhuang Dist., New Taipei City 24250, Taiwan (R.O.C.) |
|
Supplied Address: |
10F, No. 22, sec.1 New Taipei City 242
Zhongstion Rd, Xinzhuang |
|
Telephone Number: |
+886-2-8522-5188 |
|
Fax Number: |
|
|
Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Scan-D Corporation |
|
Registered Address: |
10F., No.22, Sec. 1, Zhongshan Rd., Xinzhuang Dist., New Taipei City
24250, Taiwan (R.O.C.) |
|
Date of Foundation: |
1995-10-9 |
|
Registration Number: |
89403884 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 800,000,000 (USD
27,200,000) (As of 2012.12, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 398,666,120 (USD 13,554,648.08) |
|
Legal Representatives: |
Fuqin Lin |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1995-10-9 with registered number
89403884 as Joint Stock Company in Taiwan.
Subject was listed
in Taiwan stock exchange on 2002-1-21.
Change of Name
|
Former Chinese
Name |
旭展電子股份有限公司 |
|
Current Chinese
Name |
詩肯股份有限公司 |
|
Former English
Name |
Topshine
Electronics Corporation |
|
Current English
Name |
Scan-D
Corporation |
|
Name |
Subscription Shares |
|
Noble Link Management Ltd. |
13,650,000 |
|
Enxin Xiao |
|
|
10,500 |
|
|
Yirao Wang |
367,500 |
The information
above is that of subject’s major shareholders.
|
1 |
|
|
Name |
Kaohsiung
Zhongshan 1st Branch |
|
Registration
Number |
29153530 |
|
Date of
Registration |
-- |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
2 |
|
|
Name |
Tainan Ximen
Branch |
|
Registration
Number |
29162263 |
|
Date of
Registration |
2010-6-14 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
3 |
|
|
Name |
Tainan
Zhongzheng North Branch |
|
Registration
Number |
29161709 |
|
Date of
Registration |
2010-6-10 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
4 |
|
|
Name |
Tainan Dong Men
Branch |
|
Registration
Number |
29160119 |
|
Date of
Registration |
2010-6-2 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
5 |
|
|
Name |
Taoyuan Chunri
Branch |
|
Registration
Number |
29159990 |
|
Date of
Registration |
2010-6-2 |
|
Status |
Revocation |
|
Date of Last
Annual Return |
2010-8-3 |
|
6 |
|
|
Name |
Taoyuan Da-Xing
West Branch |
|
Registration
Number |
29159957 |
|
Date of Registration |
2010-6-1 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
7 |
|
|
Name |
Taichung Da-Fu
Branch |
|
Registration
Number |
29158991 |
|
Date of
Registration |
2010-5-27 |
|
Status |
Revocation |
|
Date of Last
Annual Return |
2010-8-3 |
|
8 |
|
|
Name |
Taipei Jiuzong
Branch |
|
Registration
Number |
29158922 |
|
Date of
Registration |
2010-5-27 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
9 |
|
|
Name |
Kaohsiung Minzu
Branch |
|
Registration
Number |
29158578 |
|
Date of
Registration |
2010-5-25 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
10 |
|
|
Name |
Taipei Jingmei
Branch |
|
Registration
Number |
29158556 |
|
Date of
Registration |
2010-5-25 |
|
Status |
Live Company |
|
Date of Last Annual
Return |
2010-8-3 |
|
11 |
|
|
Name |
Tainan Zhonghua
East Branch |
|
Registration
Number |
29158319 |
|
Date of
Registration |
2010-5-24 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
12 |
|
|
Name |
Taoyuan
Huanzhong East Branch |
|
Registration
Number |
29157661 |
|
Date of
Registration |
2010-5-20 |
|
Status |
Revocation |
|
Date of Last
Annual Return |
2010-8-3 |
|
13 |
|
|
Name |
Taipei Tianmu
Branch |
|
Registration
Number |
29156781 |
|
Date of
Registration |
2010-5-18 |
|
Status |
Revocation |
|
Date of Last
Annual Return |
2010-8-3 |
|
14 |
|
|
Name |
Kaohsiung Bo-Ai
Branch |
|
Registration
Number |
29156570 |
|
Date of
Registration |
2010-5-18 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
15 |
|
|
Name |
Taipei Fuxing
North Branch |
|
Registration
Number |
29156699 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
16 |
|
|
Name |
Taipei Beixin
Branch |
|
Registration
Number |
29156635 |
|
Date of Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
17 |
|
|
Name |
Taichung Wenxin
2nd Branch |
|
Registration
Number |
29156608 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last Annual
Return |
2010-8-3 |
|
18 |
|
|
Name |
Taipei Xinsheng
South Branch |
|
Registration
Number |
29156564 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
19 |
|
|
Name |
Zhanghua Jinma
Branch |
|
Registration
Number |
29156522 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
20 |
|
|
Name |
Taichung
Fengyuan Branch |
|
Registration
Number |
29156425 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Revocation |
|
Date of Last
Annual Return |
2010-8-3 |
|
21 |
|
|
Name |
Hsinchu Guangfu
Branch |
|
Registration
Number |
29156396 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
22 |
|
|
Name |
Taichung Wuquan
Branch |
|
Registration
Number |
29156353 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
23 |
|
|
Name |
Taipei Di-Ding
Branch |
|
Registration
Number |
29156348 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
24 |
|
|
Name |
Hsinchu Jingguo
Branch |
|
Registration
Number |
29156327 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
25 |
|
|
Name |
Tainan Yongkang
Branch |
|
Registration
Number |
29156277 |
|
Date of
Registration |
2010-5-17 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2012-4-30 |
|
26 |
|
|
Name |
Kaohsiung Youth
Branch |
|
Registration
Number |
29153638 |
|
Date of
Registration |
2010-5-4 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
27 |
|
|
Name |
Tainan Yanhang
Branch |
|
Registration
Number |
29153503 |
|
Date of
Registration |
2010-5-4 |
|
Status |
Live Company |
|
Date of Last Annual
Return |
2010-8-3 |
|
28 |
|
|
Name |
Hsinchu Freedom
Branch |
|
Registration
Number |
29153481 |
|
Date of
Registration |
2010-5-3 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
29 |
|
|
Name |
Taoyuan
Zhongyuan Branch |
|
Registration
Number |
29153460 |
|
Date of
Registration |
2010-5-3 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
30 |
|
|
Name |
Hsinchu
Guangming Branch |
|
Registration
Number |
29153118 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
31 |
|
|
Name |
Taipei Zhonghe
Zhongshan Branch |
|
Registration
Number |
29153026 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
32 |
|
|
Name |
Tainan Jinhua
Branch |
|
Registration
Number |
29153004 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Revocation |
|
Date of Last
Annual Return |
2010-8-3 |
|
33 |
|
|
Name |
Taipei Guting
Branch |
|
Registration
Number |
29152997 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
34 |
|
|
Name |
Taoyuan Pingzhen
Branch |
|
Registration
Number |
29152981 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
35 |
|
|
Name |
Taipei Wenchang
Branch |
|
Registration
Number |
29152976 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
36 |
|
|
Name |
Taipei Minsheng
East Branch |
|
Registration
Number |
29152949 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-7-30 |
|
37 |
|
|
Name |
Taipei Banqiao
Branch |
|
Registration
Number |
29152841 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last Annual
Return |
2010-8-3 |
|
38 |
|
|
Name |
Miaoli Toufen
Branch |
|
Registration
Number |
29152820 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
39 |
|
|
Name |
Kaohsiung
Niaosong Branch |
|
Registration
Number |
29152785 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
40 |
|
|
Name |
Taichung Wenxin
1st Branch |
|
Registration
Number |
29152737 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
41 |
|
|
Name |
Taipei Fuxing
South Branch |
|
Registration
Number |
29152808 |
|
Date of
Registration |
2010-4-30 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
42 |
|
|
Name |
Pingdong Pingke
Branch |
|
Registration
Number |
29152791 |
|
Date of
Registration |
2010-4-29 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
|
43 |
|
|
Name |
Taipei Minsheng
1st Branch |
|
Registration
Number |
29152770 |
|
Date of Registration |
2010-4-29 |
|
Status |
Live Company |
|
Date of Last
Annual Return |
2010-8-3 |
Core
Management
Directors
|
1 |
|
|
Name |
Fuqin Lin |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Jieren Lin |
|
Position |
Director |
|
3 |
|
|
Name |
Qibin Liang |
|
Position |
Director |
|
4 |
|
|
Name |
Yuanyi Zeng |
|
Position |
Independent
Director |
|
5 |
|
|
Name |
Zhongcheng Chen |
|
Position |
Independent
Director |
|
6 |
|
|
Name |
Quan Zhang |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Enxin Xiao |
|
Position |
Supervisor |
|
8 |
|
|
Name |
Yirao Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 270 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
10F., No.22, Sec. 1, Zhongshan Rd., Xinzhuang Dist., New Taipei City
24250, Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of furniture, etc without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
E801010 |
Interior decorating businesses |
|
F105050 |
Wholesale of furniture, bedding, kitchen utensil
and decoration |
|
F111090 |
Wholesale of building material |
|
F113030 |
Wholesale of precise instrument |
|
F113070 |
Wholesale of telecom equipment |
|
F118010 |
Wholesale of software |
|
F119010 |
Wholesale of electronic material |
|
F199990 |
Wholesale of other products |
|
F205040 |
Retail of furniture, bedding, kitchen utensil and
decoration |
|
F211010 |
Retail of building material |
|
F299990 |
Retail of other products |
|
F401010 |
International trade business |
|
I103060 |
Management consultant industry |
|
I301010 |
Software service |
|
I301030 |
Electronic information service |
|
I501010 |
Product design |
|
I503010 |
Landscape and interior decorating businesses |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases
furniture, etc from both home and abroad such as Europe, Japan, and USA, etc.
l
Subject is engaged in
sales of furniture, etc.
l
Subject’s sales regions
include Asia, Europe and America, etc.
l
It is introduced that
subject has more than 100 stores in the different parts of the world such as
Taiwan domestic market, Japan, Singapore, Brunei, Germany, and Las Vegas, USA,
etc.
l
Subject has their own
brand “SCANTEAK”.
l
Subject is the agent of
the USA brand “Restinic”.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Furniture, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Furniture, etc |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Furniture, etc |
COD, CBD, etc |
100% |
Unit: NTD/000
|
Date |
2012-9-30 |
2011-9-30 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
310,064.00 |
351,595.00 |
|
Notes receivable - net |
566.00 |
198.00 |
|
Accounts receivable - net |
18,533.00 |
11,268.00 |
|
Accounts receivable – related parties-net |
0.00 |
48.00 |
|
Inventories |
339,350.00 |
262,000.00 |
|
Prepayments |
71,651.00 |
79,334.00 |
|
Other current assets |
60,405.00 |
60,768.00 |
|
Current assets |
800,569.00 |
765,211.00 |
|
Funds and Investments |
|
|
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Transportation equipment |
4,826.00 |
994.00 |
|
Office equipment |
2,561.00 |
269.00 |
|
Leasehold improvement |
148,353.00 |
113,140.00 |
|
Other facilities |
1,636.00 |
721.00 |
|
Coat on fix assets |
157,376.00 |
115,124.00 |
|
Accumulated depreciation |
-90,508.00 |
-49,955.00 |
|
Construction in process and prepayment for
equipments |
6,213.00 |
4,223.00 |
|
Fixed assets |
73,081.00 |
69,392.00 |
|
Intangible Assets |
|
|
|
Software cost |
3,862.00 |
393.00 |
|
Intangible assets |
3,862.00 |
393.00 |
|
Other Assets |
|
|
|
Other Assets |
39,706.00 |
32,945.00 |
|
Deferred charges |
6,395.00 |
9,177.00 |
|
Deferred income tax assets-non current |
0.00 |
0.00 |
|
Other asset |
46,101.00 |
42,122.00 |
|
Assets |
923,613.00 |
877,118.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
0.00 |
0.00 |
|
Notes payable |
89,887.00 |
76,282.00 |
|
Notes payable-related parties |
0.00 |
2,137.00 |
|
Accounts payable |
14,447.00 |
22,734.00 |
|
Accounts payable-related parties |
18.00 |
0.00 |
|
Income tax payable |
15,476.00 |
15,214.00 |
|
Accrued expenses |
49,642.00 |
51,501.00 |
|
Accounts payable-others |
207.00 |
134.00 |
|
Account collected in advance |
83,211.00 |
70,227.00 |
|
Other current liabilities |
7,242.00 |
7,647.00 |
|
Current liabilities |
260,130.00 |
245,876.00 |
|
Long-term liabilities |
|
|
|
Reserves |
|
|
|
Other liabilities |
|
|
|
Liabilities |
260,130.00 |
245,876.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
398,666.00 |
379,682.00 |
|
Capital Surplus |
|
|
|
Capital surplus–share premium |
60,000.00 |
60,000.00 |
|
Capital surplus |
60,000.00 |
60,000.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
33,908.00 |
10,262.00 |
|
Special reserve |
0.00 |
0.00 |
|
Unappropriated retained earnings |
170,909.00 |
181,298.00 |
|
Retained earnings |
204,817.00 |
191,560.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Stockholders‘ equity |
663,483.00 (USD 22,558,422.00) |
631,242.00 (USD 21,462,228.00) |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
0.00 |
0.00 |
|
Equivalent Shares of Outstandings of Advance Receipts
for Common Stock (Unit: Share) |
0.00 |
0.00 |
(As of 2012.12, 1 NTD =
0.0340 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Sales |
979,977.00 (USD 33,319,218.00) |
964,528.00 (USD 32,793,952.00) |
|
Sales returns |
17,653.00 |
11,577.00 |
|
Sales discounts and allowances |
575.00 |
251.00 |
|
Sales |
961,749.00 |
952,700.00 |
|
Other sales income |
13,793.00 |
15,147.00 |
|
Operating income |
975,542.00 |
967,847.00 |
|
Operating costs |
373,732.00 |
371,575.00 |
|
Gross profit (loss) from operations |
601,810.00 |
596,272.00 |
|
Selling expense |
339,469.00 |
301,200.00 |
|
General and administrative expenses |
95,513.00 |
91,019.00 |
|
Operating expenses |
434,982.00 |
392,219.00 |
|
Operating income (loss) |
166,828.00 |
204,053.00 |
|
Non-Operating Income |
|
|
|
Interest income |
2,880.00 |
1,293.00 |
|
Foreign exchange gains |
0.00 |
2,657.00 |
|
Rental income |
25.00 |
885.00 |
|
Miscellaneous income |
4,925.00 |
7,830.00 |
|
Non-operating revenues and gains |
7,830.00 |
12,665.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
10.00 |
254.00 |
|
Loss on disposal of fixed assets |
0.00 |
3,184.00 |
|
Foreign exchange losses |
1,813.00 |
0.00 |
|
Miscellaneous disbursements |
463.00 |
735.00 |
|
Non-operating expenses and losses |
2,286.00 |
4,173.00 |
|
Income from continuing operations before
income tax |
172,372.00 |
212,545.00 |
|
Income tax expense (benefit) |
29,370.00 |
36,180.00 |
|
Income from continuing operations |
143,002.00 |
176,365.00 |
|
Net income (loss) |
(USD 4,862,068.00) |
176,365.00 (USD 5,996,410.00) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
3.59 |
4.42 |
|
Diluted Earnings per share |
|
|
|
Diluted earnings per share |
3.55 |
4.39 |
(As of 2012.12, 1 NTD =
0.0340 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Net Income (Loss) |
143,002 |
176,365 |
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
31,441 |
27,278 |
|
Amortization Expense |
7,262 |
4,836 |
|
Provision (Reversal of Provision) for Bad Debts
Losses |
0 |
0 |
|
Loss (Gain) on Decline (Recovery) in Market
Value, Scrap and Obsolescence of Inventories |
3,118 |
2,739 |
|
Loss (Gain) on Inventories |
18 |
974 |
|
Loss (Gain) on Disposal of Property, Plant and
Equipment |
0 |
3,184 |
|
Loss (Gain) on Deferred Income Tax |
-138 |
20,841 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
-113 |
-186 |
|
Decrease (Increase) in Accounts Receivable |
2,829 |
7,017 |
|
Decrease (Increase) in Inventories |
-25,709 |
33,732 |
|
Decrease (Increase) in Prepayments |
12,856 |
-27,776 |
|
Decrease (Increase) in Other Current Assets |
5,291 |
13,969 |
|
Increase (Decrease) in Notes Payable |
-14,703 |
26,513 |
|
Increase (Decrease) in Accounts Payable |
-15,420 |
444 |
|
Increase (Decrease) in Income Tax Payable |
-11,814 |
14,694 |
|
Increase (Decrease) in Accrued Expenses |
-9,908 |
9,134 |
|
Increase (Decrease) in Prepayments |
13,042 |
-6,668 |
|
Increase (Decrease) in Other Current Liabilities |
684 |
4,035 |
|
Net Cash Provided by (Used in) Operating
Activities |
141,738 |
311,125 |
|
Cash Flows from Investing Activities |
|
|
|
Purchase of Property, Plant and Equipment |
-31,064 |
-49,212 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
0 |
249 |
|
Increase (Decrease) in Refundable Deposits |
-5,889 |
-528 |
|
Increase in Deferred Charges |
-2,301 |
-1,198 |
|
Increase (Decrease) in Restricted Assets |
3,747 |
19,668 |
|
Purchase of Intangible Assets |
-2,797 |
0 |
|
Net Cash Provided by (Used in) Investing
Activities |
-38,304 |
-31,021 |
|
Cash Flows from Financial Activities |
|
|
|
Increase (Decrease) in Short-term Borrowing |
0 |
-10 |
|
Issue Cash Dividend |
-170,857 |
-75,936 |
|
Increase Cash capital |
0 |
0 |
|
Net Cash Provided by (Used in) Financing
Activities |
-170,857 |
-75,946 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-67,423 |
204,158 |
|
Cash and Cash Equivalents, Beginning of year |
377,487 |
147,437 |
|
Cash and Cash Equivalents, End of year |
310,064 |
351,595 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
10 |
254 |
|
Interest Paid- Excluding Capitalized Interest |
10 |
254 |
|
Income Tax Paid |
41,322 |
645 |
|
Non-cash Investing and Financing Activities |
|
|
|
Cash Dividends Payable |
0 |
0 |
|
Investing Activities Affecting Both Cash and
Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
|
|
|
Increase in Property, Plant and Equipment |
24,628 |
15,150 |
|
Increase (Decrease) in Payable for Equipment
Purchased |
6,436 |
34,062 |
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
31,064 |
49,212 |
Subject declined to
disclose its bank details; from other source we cannot obtain the relevant
information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Mr. He |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.